Hyliion (HYLN) Chief Legal Officer Oxholm Receives Shares

What Happened

• Jose Miguel Oxholm, Hyliion's Chief Legal & Compliance Officer, converted vested performance stock incentive units (PSUs) into common shares on September 30, 2026. The filing shows acquisitions of 52,392 and 71,341 shares (total 123,733 shares) at $0.00, with matching dispositions of the underlying derivative securities (the derivatives were extinguished upon conversion). The reported dollar value is $0 because these were conversions of award units, not cash purchases or open-market trades.

Key Details

• Transaction date: 2026-09-30. Reported as conversions of derivative securities (code C) at $0.00 per share.
• Shares acquired: 52,392 and 71,341 — total 123,733 shares.
• Matching disposals: same amounts recorded as dispositions of derivative securities (reflecting conversion).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes: the vesting was triggered by meeting market conditions (180-day average closing price thresholds). Per the filing: portions were approved by the Compensation Committee on Sept 30, 2026; some vested PSUs will be issued in installments (half on Sept 30, 2027 and remainder on Dec 31, 2027 for one grant; another grant to be issued Dec 31, 2028). Specific vesting percentages tied to the $4.00/180-day threshold were 25% for one award and 20% for the other.
• Filing timeliness: no late filing was indicated in the provided details.

Context

• These were conversions of performance-based equity awards into common stock, not open-market purchases or sales. Conversion entries commonly show $0 because no cash changed hands — the holder simply exchanged the award/derivative for shares once vesting conditions were met.
• Such award vesting reflects achievement of specified performance/market conditions but should not be interpreted alone as insider buying or selling sentiment.